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Wednesday, July 6, 2011
Obama's EPA Prepares to Skyrocket Your Electric Rates
President Obama admitted his Cap-and-Trade plan would cause electric rates to skyrocket. He can't get Cap-and-Trade through Congress, but he can backdoor the same result by EPA carbon CO2 regulation.
NYT - In the next weeks and months, Lisa P. Jackson, the Environmental Protection Agency administrator, is scheduled to establish regulations on smog, mercury, carbon dioxide, mining waste and vehicle emissions that will affect every corner of the economy.
She is working under intense pressure from opponents in Congress, from powerful industries, from impatient environmentalists and from the Supreme Court, which just affirmed the agency’s duty to address global warming emissions, a project that carries profound economic implications.
The new rules will roll out just as President Obama’s re-election campaign is getting under way, with a White House highly sensitive to the probability of political damage from a flood of government mandates that will strike particularly hard at the manufacturing sector in states crucial to the 2012 election.
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